(Monday, 30 May 2011, Cairo)- Minister of Industry and Foreign Trade Samir el-Sayyad discussed on Sunday 29/5/2011 with his Ethiopian counterpart Tadesse Halie means of fostering industrial cooperation and joint investments in the coming phase.
Talks focused on extending invitations to businessmen from both sides to exchange visits and get acquainted with trade and investment opportunities in both countries.
The meeting comes in line with efforts by the Egyptian government to expand economic relations with African states.
Sayyad asserted that the talks with his Ethiopian counterpart will launch a new phase in economic relations with Ethiopia, with focus on removing all impediments facing the increase of joint cooperation and widening the scope of cooperation in the various economic sectors.
They agreed on boosting cooperation in a number of sectors, especially processed agricultural products, leather, foodstuffs and textiles.
Egypt will help the Ethiopian side to set up steel and pharmaceutical industries and construction products in the coming phase, he added.
Egypt will also offer Ethiopia the necessary assistance in the fields of technical and industrial training as well as the development of small-scale industries, exhibitions and technological centers, Egypt's Minister of Industry and Foreign Trade said.
As for the Ethiopian request to draw on Egyptian expertise in the management of industrialized zones, Sayyad said the Ministry is ready to offer all necessary help to apply such industrial development systems in Ethiopia.
Egypt also enjoys a vast experience in the field of standardization and quality, he added.
The Ethiopian minister, for his part, voiced his country's keenness on beefing up economic cooperation between the two countries, especially in the trade and industrial domains.
Ethiopia has witnessed a big leap in industry over the past period. Industrial growth rates of Ethiopia reached 10 percent during 2010, and is planned to reach 20 percent over the coming five years, said the minister.
Source: Egypt State information Service
Talks focused on extending invitations to businessmen from both sides to exchange visits and get acquainted with trade and investment opportunities in both countries.
The meeting comes in line with efforts by the Egyptian government to expand economic relations with African states.
Sayyad asserted that the talks with his Ethiopian counterpart will launch a new phase in economic relations with Ethiopia, with focus on removing all impediments facing the increase of joint cooperation and widening the scope of cooperation in the various economic sectors.
They agreed on boosting cooperation in a number of sectors, especially processed agricultural products, leather, foodstuffs and textiles.
Egypt will help the Ethiopian side to set up steel and pharmaceutical industries and construction products in the coming phase, he added.
Egypt will also offer Ethiopia the necessary assistance in the fields of technical and industrial training as well as the development of small-scale industries, exhibitions and technological centers, Egypt's Minister of Industry and Foreign Trade said.
As for the Ethiopian request to draw on Egyptian expertise in the management of industrialized zones, Sayyad said the Ministry is ready to offer all necessary help to apply such industrial development systems in Ethiopia.
Egypt also enjoys a vast experience in the field of standardization and quality, he added.
The Ethiopian minister, for his part, voiced his country's keenness on beefing up economic cooperation between the two countries, especially in the trade and industrial domains.
Ethiopia has witnessed a big leap in industry over the past period. Industrial growth rates of Ethiopia reached 10 percent during 2010, and is planned to reach 20 percent over the coming five years, said the minister.
Source: Egypt State information Service
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